Current context: Fitch Ratings has cut India's growth forecast to 5.1% for FY 2020-21 on 20th March 2020.
a. 5.5
b. 5.4
c. 5.2
d. 5.1
- The Fitch Ratings gave the reason of the coronavirus outbreak, which is likely to hit business investment and exports.
- In December 2019, Fitch had projected India's growth at 5.6 % for 2020-21 and 6.5 % for the following year.
- The rating agency has said that the business investment and exports are expected to be hit by the Supply-chain disruptions.
- Fitch Ratings Inc. is an American credit rating agency.
- Headquarters: New York, United States
- CEO: Paul Taylor
Question:
Q.1 The Fitch Ratings has recently cut India's growth forecast to _________% for FY 2020-21?a. 5.5
b. 5.4
c. 5.2
d. 5.1
